I know you will potentially judge me and think of me as of an extremist, but Both indicators and chart analysis show me a potential move downward from here.
25k is top, I have barely doubts about it. 20800 is my next stop before a pullback. Expecting a visit to 9k by September.
Why I think so ? Inflation, although descending slowly, keeps descending. Which proves the FED, that the rates hikes have worked, but are just visible with delay in time (assuming the aggressivity of the hikes during past year). FED's tone is changing and potentially could lead to either a pause or a pivot. One would think this could be bullish, but history (except just once!) has proven this is really bearish and results in a very bearish move on the stock market.
The odds for inflation having peaked are likely, due to 1 chart I have posted several months ago, but the descent is slow. Recession is very likely due to the aggressive rate hikes, barely unavoidable at this point.
But we will know the recession is in only being already deep in it.
Your long term prediction. Only SPX/NASDAQ or Chinese Market can change that, but I see no signs of it happening for now.
Cheers!
25k is top, I have barely doubts about it. 20800 is my next stop before a pullback. Expecting a visit to 9k by September.
Why I think so ? Inflation, although descending slowly, keeps descending. Which proves the FED, that the rates hikes have worked, but are just visible with delay in time (assuming the aggressivity of the hikes during past year). FED's tone is changing and potentially could lead to either a pause or a pivot. One would think this could be bullish, but history (except just once!) has proven this is really bearish and results in a very bearish move on the stock market.
The odds for inflation having peaked are likely, due to 1 chart I have posted several months ago, but the descent is slow. Recession is very likely due to the aggressive rate hikes, barely unavoidable at this point.
But we will know the recession is in only being already deep in it.
Your long term prediction. Only SPX/NASDAQ or Chinese Market can change that, but I see no signs of it happening for now.
Cheers!